Precise Corporation to sell IPO-into the SET this year after the SEC counts one filing : InfoQuest

stock news10:06 a.m.2022-08-29

Mr. Paltham Kasemsub, Senior Director of Investment Banking, CIMB Thai Bank, as a financial advisor to Precise Corporation Plc. The Securities and Exchange Commission (SEC) has already started counting one of the PCC’s securities offering registration statement and draft prospectus.

The PCC has submitted an initial public offering (IPO) of not more than 307,000,000 shares at a par value of 1 baht per share or equivalent to 25.03% of the total number of issued and paid-up ordinary shares. Company After this offering of newly issued ordinary shares It will be listed on the Stock Exchange of Thailand (SET). Industry Sector: Resources/Energy and Utilities.

PCC operates its business by holding shares in other companies (Holding Company), comprising 3 main business lines as follows: 1. Business group manufacturing and distributing equipment in power distribution systems. Project management, service work, maintenance work for both low and high voltage power systems with a size of not more than 115 kv, and energy management systems for efficiency (Power Distribution & Energy Management System). high voltage Ready to produce and install control systems for intelligent electrical systems and production of smart meters (Intelligent Grid) and 3. Business groups investing in the production and distribution of electricity from renewable energy. and produce fuel from energy plants and other businesses Related (Renewable Energy)

As for the operating results of the group of companies during the 3 years (years 2019-64), total revenues were 3,931.26 million baht, 4,054.89 million baht, 3,638.63 million baht and net profits 342.24 million baht, 279.96 million baht, 228.32 million baht, respectively, and the accounting period ended. As of March 31, 2021 – 65, the company had a total revenue of 693.77 million baht and 783.77 million baht. The company had a net profit of 21.41 million baht and 72.46 million baht, respectively.

Mr. Kitti Sumrit, Chief Executive Officer and President of PCC revealed that the plan to list on the Stock Exchange of Thailand (SET) is an important step in business expansion. to continuously increase the opportunity for future growth with the vision of the organization “Power of mutual prosperity” and this fundraising It is also an opportunity for investors and the general public to take part in building on PCC’s success. The company also aims to be a leader in Smart Grid, Industry 4.0, and Energy Development’s integrated solutions business. replace bioenergy to create environmental balance and sustainable coexistence

For the purpose of using the money received from this fundraising to be used as investments in projects under development and future projects, to use as working capital and used to repay loans from financial institutions

By InfoQuest News Agency (29 Aug 65)

Tags: IPO, PCC, Kitti Samrit, CIMB Thai Bank, Paltham Kasemsap, Precise Corporation